The team over at trade.io launched their “Trade Token” ICO on Ethereum on 7th December. Business has been brisk, with early investors taking advantage of the lower prices for these ERC-20 compliant tokens. Further price increases are scheduled before the ICO closes on 4th January 2018.

Thankfully, trade.io took the sensible precaution of getting their smart contract carefully vetted before they went live. They asked our expert ICO security team to audit their Trade Token contracts to uncover any vulnerabilities, logical flaws or other code errors that might put their platform, funds and investors at risk.

A high quality contract

Our team performed detailed source code analysis of two Trade Token smart contracts, TIOToken and TIOCrowdsale, along with simulations of a real-world attacks to test their security provisions.

We didn’t find any vulnerabilities and our recommendations covered just a few points of best-practice. You can get the full details below.

This clean bill of health is great news for the trade.io team as well as their investors. Once again highlighting the importance of making smart contract security a top priority for every ICO.